Geopolitical conflicts are recurring, institutions: Under the background of energy autonomy and controllability, photovoltaic valuation repair is expected

Against the backdrop of escalating geopolitical conflicts, funds are flowing into the new energy sector, with the China Merchants CSI Photovoltaic Industry ETF (516230) seeing a net inflow of over 100 million yuan for five consecutive days. Dongfang Securities pointed out that the importance of new energy power generation is increasingly prominent, and a valuation recovery in the photovoltaic industry is expected. It is anticipated that by 2025, the proportion of public funds' holdings in the photovoltaic industry will significantly increase. Huatai Securities and CITIC Securities also have a positive outlook on the growth potential of the photovoltaic industry, especially driven by policy support and the increasing demand for space photovoltaic